4596 Old Troy Pike - Specialty FOR SALE


Riverside, OH 45404
$490,000 USD
937-339-2300
4596 Old Troy Pike, Riverside, OH for Sale
$490,000 USD
Specialty - FOR SALE
1/7
null | 8.24% Cap Rate

4596 Old Troy Pike
Riverside, OH 45404


OVERVIEW

This automotive after care lube shop is on a full triple net lease. The newly signed five year lease has 3% increases per year with two five year options also with rent increases. The shop has two drive in doors and work bays. The work bays have service pits. The shop is located on the corner of a signalized intersection at Old Troy Pike (SR 202) and Needmore Road approximately 2 miles from I-75 in Riverside. Ohio. Base rent on the NNN lease will increase to $33,990 August 1, 2024. Tenant is soley responsible for ALL RE taxes, insurance, and CAM, plus utilities. Great opportunity to earn passive income on a pandemic proof business!

FOR SALE DETAILS

PRICE

$490,000 USD

PRICE/SF

$309 USD /SF

CAP RATE

8.24%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Lube and Filter

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,426 SF

ZONING

-

APN/PARCEL ID

I39-00802-0007

ASK ABOUT THIS PROPERTY

Tammy LambertBruns Realty GroupMore Info
937-339-2300

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Tammy LambertBruns Realty GroupMore Info
937-339-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.